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1605 1st St S
Willmar, MN 56201

$724,000 USD

Storefront For Sale  •  28,829 SF

Property Details

  • Property Type Storefront
  • Total Building Size 28,829 SF
  • Lot Size 2.13 AC
  • Year Built 1981
  • Cap Rate 8.00 %
  • Tenancy Multiple
  • Zoning SC - Shopping Center
0 Transit Score
57 Walk Score

Highlights

A four-tenant retail strip center featuring longstanding tenancies and reputable national and regional tenants
Subject property serves as a primary outparcel to Uptown Willmar Mall – the main retail shopping center in the direct trade area
Multiple recent lease extensions demonstrate dedication to the location
No tenants possess any remaining extension options and existing vacancies allow for a lease-up/re-development opportunity in the future
Replaceable rents – $7.66/SF average (unweighted)
Extremely low price per square foot – $25.11

Property Flyers

Cap Rate: 8.00 %
John Andreini 650-678-7200 CP Partners CRE
John Andreini 650-678-7200 CP Partners CRE